DECIDES [resolution 99.64] that the entity is authorized to apply, on an unsecured basis, the total amount of $2,000,000 from various lenders selected by the President and the Interim Chief Executive, at interest rates not exceeding 7% per annum, with repayment terms of at least one year and other conditions, essentially, as indicated in Appendix A, to borrow; The Board of Directors authorizes the CEO to enter into loan agreements….